What to pay for a Fender MIM Jazz?
In my area it appears that $300 is about as good as I can do for a used Fender MIM Jazz. Most are $350 and up. I've seen two for sale in the last month for $250 but they had lots of cosmetic issues.
Never seen one for sale in any condition for less than $250, and all I see at the pawn shops are Squiers or comparable basses.
So... is $300 pretty much the low price point these days for MIM's with little or no dings & scratches?
I'm currently looking at a completely stock 1-owner MIM Jazz w/gig bag in really nice condition . Owner is stuck on $300 firm. Seriously thinking of buying it. Whaddya think, deal or no deal?
My rule of thumb is 50% of price is probably decent for something that is in good shape. I know that is VERY GENERAL and does not apply to everything, but I think it is a nice rule. I paid 280 shipped for a MIM Jazz last year, but I'm left handed and it was a *certain website* auction. I would not hesitate to pay 300 dollars for a good shape MIM Jazz.
If it's "contemporary" standard (from 2009 on) it's a very fair price
A friend of mine pretended to have found a standard Fender Precision for no more than $. 250.00 (the price of a good used VM/CV Squier...)
and I told him he could have possibly come across a very beaten up P bass from late '90s/early '00 with all the hit or miss kinda thing.
I tend to use the 50% rule myself. GC, MF, Sweetwater, etc., all sell the Standard MIM Jazz for $600, but it's easy to get $15% off, which leaves a $510 to-my-door purchase price.
So, the 50% rule sez that $250-$260 should be the correct number for a used MIM bass but that's the purpose of this post. I don't see 'em and can't find 'em at that price unless they're beaters. Just wondering if other people routinely find them in good condition for $250 or less.
I can pay $300 if I have to; just don't wanna if they're routinely available for less. Retired, fixed income, not many paying gigs, etc. Same boat as many of you.
I usually use 50% of the list price because usually 50% of the out the door price will be a little low.
I will also rationalize a small percentage of the purchase price that is higher than what I want to pay, by thinking about the amount divided by some years of ownership, and tell myself that its worth it to end the search for whatever it is I am buying. So for a 300 dollar purchase, ten, or twenty bucks over say three years (at least) of ownership works out to be an insignificant premium to get what I am gassing for. Probably bad business sense, but I don't buy gear thinking about what I will sell it for tomorrow. I'll leave that to the gear sharks who are always trying to make a buck buying, and selling stuff. I don't buy low end gear, and I consider what I want carefully. I buy very nice gear with the intent of keeping it forever.
Based on the info you provided, $300 sounds like a fair deal; a better than fair deal, actually.
If the seller is local to you where you can inspect/play the bass, that's even better. A shop near me has a couple of MIM Jazzes that are more than that. A quick search on GC finds a used MIM Jazz at $300 (probably w/o gig bag).
I don't know the condition of the gig bag it comes with, or if you need one, but even a cheap bag is gonna run you $20-30.
You may be able to ride it out longer looking for another 'really nice' MIM Jazz for less, but in the end you're probably quibbling over 10 or 20 bucks, tops. If you want to buy this bass to keep it & play it, that's peanuts.
Also seems like black ones are the cheapest. Other colors tend to command a $50 premium or so. I picked up my MIM 5 a couple years back for $240 which was a steal....a Craigslist find.
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